Dell Foundation backed India Educational Investment Fund (IEIF), invested an undisclosed amount in two Indian education technology startups namely Report Bee Edusys Pvt Ltd, a cloud-based deep learning portal and Guru-G Learning Labs (India) Pvt Ltd, a gamified platform for teachers.
Vishal Bharat, director of corporate business advisors, who is the investment manager for IEIF told BS, “Both companies function at the intersection of education, social impact and technology. They bring a high degree of commitment and passion to the education space while leveraging technology to enhance user experiences. It is a high-growth space where we are seeing a lot of exciting new ideas from young entrepreneurs.”
As for the two startups, this is their first round of funding.
Chennai-based Report Bee was founded in 2010 by Ananth Mani. It is a cloud-based deep learning platform for the education sector to improve learning using powerful data analytics. The company claims that its platform is already being used in 251 schools across Asia among more than 2,00,000 students and 10,000 teachers.
Besides, the firm is also working with global publishers and leading education boards to provide useful insights on learning impact.
Report Bee will use the funds to accelerate its product development and expand into domestic and international markets.